Biviana Riveiro Dislaexecutive director of the Export and Investment Center of the Dominican Republic (ProDominican), indicated that US investments in the Dominican Republic reached a historical record of 1,362.3 million dollarsexhibiting a year-on-year growth rate of 87% compared to 2020 and 45% compared to 2021, according to official data from the Central Bank of the Dominican Republic.
According to a press release, US investors continue to take advantage of the opportunities offered by the economy Dominican Republic, being the highest flow in the last decade, accumulating 44% of the total foreign investment received, which amounted to 3,102.1 million dollars in the year 2021.
Riveiro highlighted that this flow of Foreign direct investment (FDI) accumulated last year is the third highest amount in the last 20 years of capital raising, and without a doubt it is the result of the joint effort between the different instances of the Government, the promotion and support of the private sector already established in the country.
Similarly, the United States currently has 226 free zone companies operating, being the foreign country with the largest number of companies and accumulating 32.7% of the companies registered in this special regime. In turn, it is positioned as the State with the highest accumulated investment in this sector, amounting to 1,926.1 million dollars and 37.1% of the total accumulated investment in the sector, according to the most recent data published by the National Council of Free Trade Zones. Export.
Other important issuers of investments during 2021 were: British Virgin Islands with 279 million dollars and Denmark 75 million dollars. It is important to highlight the investment from Panama with some 98 million dollars, this being the highest value since 2009, and in the same way, Switzerland with 23 million dollars, this value being higher than all previous years until 2008.
“This performance in attracting investments is a consequence of the country’s strategic participation in international events and fairs, an increase in the number of trade missions, which we promote from ProDominican. Hand in hand with actions such as: efforts by high-impact diplomatic missions of the Ministry of Foreign Affairs and its Embassies and Consulates, concrete efforts to promote nearshoring and strengthening the Dominican Republic as a Logistics Hub, by the Ministry of Industry and Commerce and the General Directorate of Customs, respectively. In addition to the strengthening of the tourism sector, which continues to be key in the recovery, and the outstanding economic performance shown by the country in the last year,” said Riveiro.
